Deepak nitrite Limited has scheduled a Board of Directors meeting for February 12, 2025, to consider and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The announcement was made through an official communication to BSE Limited on January 30, 2026.

Meeting Details and Purpose

The board meeting will focus on reviewing and approving both standalone and consolidated unaudited financial results for specific reporting periods. Company Secretary Arvind Bajpai signed the official notification, ensuring compliance with regulatory requirements.

Regulatory Compliance

This announcement fulfills the requirements under Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation mandates listed companies to provide advance notice to stock exchanges regarding board meetings that will consider financial results.

The communication references an earlier letter dated December 26, 2025, indicating the company's systematic approach to maintaining transparency with regulatory bodies and stakeholders. The formal notification ensures that all relevant parties are informed about the upcoming financial disclosure.

Corporate Communication Framework

The official communication was addressed to the Department of Corporate Services at BSE Limited, located at Phiroje Jeejeebhoy Towers, Dalal Street, Mumbai. The company's scrip code 506401 was prominently mentioned in the correspondence, facilitating proper identification and record-keeping by the exchange.

Company Secretary Arvind Bajpai digitally signed the document on January 30, 2026, at 10:02:16 +05'30', demonstrating the company's adoption of digital authentication processes for official communications. This digital signature ensures document authenticity and maintains a clear audit trail for regulatory compliance purposes.

Deepak Nitrite Limited has announced a significant intra-group investment through its subsidiary companies. Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary, has allotted preference shares worth ₹80.00 crores to Deepak Phenolics Limited (DPL), another wholly owned subsidiary of the parent company.

Share Allotment Details

The transaction involves the issuance and allotment of 80,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) by DCTL to DPL. The shares were allotted at par value on January 29, 2026.

About Deepak Chem Tech Limited

DCTL, incorporated on October 9, 2020, operates in the chemical industry with a focus on fluorination technology. The company runs a state-of-the-art fluorination plant and has been actively pursuing projects across various sites in Gujarat. Prior to this allotment, DCTL's paid-up capital stood at ₹1,919.50 crores, comprising ₹499.50 crores in equity shares and ₹1,420.00 crores in preference shares.

Financial Performance

Transaction Purpose and Structure

The investment aims to strengthen DCTL's capital base and support the company in carrying out project expenses and general corporate purposes. The transaction is structured as a related party transaction since both DCTL and DPL are wholly owned subsidiaries of Deepak Nitrite Limited. The company has confirmed that the transaction is conducted on an arm's length basis.

Shareholding Structure

Following this allotment, the shareholding structure remains unchanged in terms of control. Deepak Nitrite Limited continues to hold 100% of the equity share capital of DCTL, while together with DPL, it maintains indirect control of 100% of the preference share capital. The transaction requires no governmental or regulatory approvals and was completed through cash consideration via normal banking channels.